Ms Fidelma Clarke:

But my reporting line was to him as chief risk officer, and I think what the regulator was referring to here - and I think it's actually also in your core documents elsewhere - it's the letter from the regulator from 2007. What the regulator was calling out was that in their opinion, at that time, you shouldn't have someone who was responsible for risk who's also responsible for managing a business line within an organisation. And if we come to where we are today in terms of good corporate governance, it's now mandated that this is an independent function, independent of all business and operations.